Cullen Capital Management LLC Takes Position in Latham Group, Inc. $SWIM

Cullen Capital Management LLC acquired a new position in Latham Group, Inc. (NASDAQ:SWIM – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 123,530 shares of the company’s stock, valued at approximately $799,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quantbot Technologies LP bought a new position in Latham Group during the second quarter worth about $355,000. BlackRock Inc. bought a new stake in shares of Latham Group in the 2nd quarter valued at about $23,532,000. Deutsche Bank AG acquired a new stake in shares of Latham Group in the 2nd quarter valued at approximately $327,000. Perigon Wealth Management LLC acquired a new stake in shares of Latham Group in the 2nd quarter valued at approximately $509,000. Finally, Rice Hall James & Associates LLC bought a new position in Latham Group during the 2nd quarter worth approximately $4,839,000. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on SWIM. Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group restated a “sell” rating on shares of Latham Group in a report on Wednesday, May 6th. Zacks Research cut shares of Latham Group from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Barclays boosted their price objective on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Latham Group currently has an average rating of “Reduce” and an average price target of $7.83.

Check Out Our Latest Stock Analysis on SWIM

Latham Group Price Performance

Shares of SWIM opened at $7.00 on Tuesday. The stock has a market capitalization of $823.55 million, a P/E ratio of 140.00, a P/E/G ratio of 1.53 and a beta of 1.65. Latham Group, Inc. has a twelve month low of $4.64 and a twelve month high of $8.97. The company has a 50 day moving average of $6.29 and a 200-day moving average of $6.01. The company has a quick ratio of 1.44, a current ratio of 2.16 and a debt-to-equity ratio of 0.67.

Latham Group (NASDAQ:SWIM – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $197.47 million for the quarter, compared to analyst estimates of $188.39 million. Latham Group had a net margin of 0.92% and a return on equity of 1.31%. As a group, equities research analysts forecast that Latham Group, Inc. will post 0.16 EPS for the current fiscal year.

Latham Group Profile

(Free Report)

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.

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